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On April 15, 2016, Obama released his 2015 tax returns, which showed that the former president and Michelle Obama filed jointly and reported an adjusted gross income of $436,065. They paid $81,472 ...
The list of presidents of the United States by net worth at peak varies greatly. Debt and depreciation often means that presidents' net worth is less than $0 at the time of death. [ 1 ] Most presidents before 1845 were extremely wealthy , especially Andrew Jackson and George Washington .
Obama entered the White House with a $1.3 million net worth, and a 2017 report by American University speculated that he could earn as much as $242.5 million in post-White House income.
For the tax year 2015, the Obamas reported a joint adjusted gross income of $436,065. In 2017, Obama’s first year out of office, he received a presidential pension of $207,800.
Once a taxpayer has made these determinations, he (1) references the pertinent rate schedule, (2) finds the appropriate bracket (based on her taxable income), and (3) uses the formula described in the third column to determine his federal income tax. Assume, for example, that Taxpayer A is single and has a taxable income of $175,000 in 2021.
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Net worth ($ million) 1 Kevin Hern: Republican Oklahoma House Yes 361.0* 2 Rick Scott: Republican: Florida: Senate: Yes 259.7 3 Mark Warner: Democratic: Virginia: Senate Yes 214.1 4 Greg Gianforte: Republican Montana: House: No 189.3 5 Paul Mitchell: Republican Michigan: House No 179.6 6 Mitt Romney: Republican Utah: Senate Yes 174.5 7 Vernon ...
Since leaving the White House, Barack Obama has continued to very well for himself financially. The former president released the first volume of his memoir, "A Promised Land," in November 2020; by...